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there that the economy is losing steam, especially with the stock market plunge that we have recently seen? - well, i think clearly there has been some disappointing economic data. maybe it is the fear that we all had with the government cutbacks and also the tax hike that we had - that's the increased payroll tax for social security that we saw - so that is biting into the economy. but clearly, almost all the data, not only here but around the world, has come out weaker, so that is real; and combine that with some disappointing earnings on balance, and i think that is cause for concern or pause for the market right now. - gold futures made a mighty move to the downside this week. what are you seeing in gold mining stocks? - wow, i tell you, it was a real blowout in gold. gold is one of those assets, but i look at gold back in '08 was, i think, a low $600, and it is now still, what, close to $1,400? so, a set-back was ok, it was just one of those classic commodity washouts. gold miners, on the other hand, they have lagged the price of gold for the past several years at least, and a lot of that has to
today for the next two fiscal years. the mayor said the economy's improving but not all services cut in the past will be restored. the mayor said oakland is on the rise. >> what we're proposing is what i call a fair share budget. it invests heavily in public safety, and economic development and jobs. >> the budget include twos more police academies -- includes two more police academies in the next two years. oakland's also facing increases in pension costs and benefits. hearings are scheduled ahead of the headlines on june 30th. >> this might benefit from the veterans here went through. >> san francisco rings the bell on on a era for a signature attraction, and just wait until you see the new displays at the bigger and better exploratorium. >> the bay area in the clear right now. coming up, how much warmer can you expect for thursday and the warmest day of the upcoming weekend. >>> . . >>> a gas leak in san mateo put residents in a frenzy. two buildings were e vac waited. the repair work is ongoing. >>> continue coverage of the boston marathon bombings. some say the victims will get
. the commission says there's no immediate danger to consumers, but it could be costly to the eurozone economy, and tighter measures are planned. france, greece and denmark had the highest amounts of horse meat in beef. devry, inc., which operates private colleges and training schools, is being investigated by officials in two states. the attornies general of both illinois and massachusetts are investigating. illinois is looking into incentive-based compensation, illegal under laws governing schools participating in federal aid programs. massachusetts wants to know if devry filed false information about its students. devry says it is cooperating with the investigations. general motors edges out volkswagen in first quarter sales as both try to catch up to toyota. gm sold 2.36 million cars and trucks around the world in the first three months of 2013. volkswagen sold 2.27 million vehicles during that same time. toyota was in the lead with most cars sold in 2012. rising maintenance costs are making owning a car more expensive. aaa says car expenses are up 2% from last year. the average sedan now
to the beige book, the fed sees moderate growth in the economy led by sales of homes and cars. todd horwitz of averagejoeoptions.com joins us on this thursday morning for a good look at the market. good morning to you. - good morning angie. - fears are rising out there. the volatility index, the vix, made a big spike this week. what is that telling investors and traders? - i think what you are looking at here angie is the markets are starting to turn over a little bit. we had a little sign that volatility was going to increase as the bond market was going higher, as the equity markets, the stocks that were being bought were more in the defensive sector. so now finally options are being bought instead of sold, though we are now getting a little bit more fear here in the market, and that is what we are signaling. we are seeing the market possibly changing directions and this 1550 level in the s&p is going to be real key. if we goes significantly below there, we should have a real good sell-off. - todd, who is losing money as gold goes lower? i know central banks might be losing money, and eve
. mcdonald's blames the economy and increased competition for the slump. it hopes dollar menu items will bring customers back in the spring. kimberly clark's first quarter profits were up 13% on strong sales in brands kleenex and cottonelle. also, emerging markets are bringing demand for diapers and household goods. still to come, why so many americans are scared of the stock market. that's later on. but first, on this earth day, how some of america's largest corporations are getting into nature. bill moller has that after the break. th a deadly disease. i was one of them. i'm a nurse and i knew how damaging the disease was to my life. nothing i tried seemed to work. my brother died. from complications of the exact same preventable disease and i knew i had to do something to get healthy. my disease was obesity and after consulting with my doctor, i received the effective treatment i needed. obesity is a second leading cause of preventable death in the united states. but it's a treatable disease, and there's effective treatment options available. now is time to get help. please join
economy. he made the comment on cnbc yesterday. the equipment company, however, turned in disappointing earnings revenue and forecast in its earnings report. a marketing gimmick paid off for hasbro. the toy company reported moderate revenue growth. hasbro had an onlne contest to create a new token for monopoly. the public choose a cat. the company calls the contest "tremendously successful". the conservative koch brothers are reportedly eyeing a big investment in media - specifically, eight tribune company publications, including the chicago tribune, the los angeles times, and the baltimore sun. media ownership is reportedly something the koch brothers have focused on as part of a long-term plan to shrink the u.s. government and its regulations. a spokeswoman for koch industries says politics has nothing to do with the possible newspaper acquistion. we don't mean to gross you out, but bedbugs are making an aggressive move into hospitals and nursing homes. the national pest management association reports a 6% rise in bedbug extermination at hospitals, while the number has doubled to 46%
. >> because that's not going to do the economy any good. we all need to make a living. we make a living, we spend money, we buy goods, we sell goods it just keeps it going. >> every business can buckle up a little bit. >> cuts make sense, some say. but not if they ground an expanding business grounding. >> it's going to be more taxes for the state. i think that's pretty critical. >> reporter: this airport runs some 80,000 oerpgs -- operations a year with about a dozen controllers. huge for the pilots who are based here. there's a flight school and a restaurant, where the owner says better to have fewer controllers than none at all. >> they will have to scale it up with the skeleton group. we're not imposing a danger to the pilots that are flying in and out of the this field. >> reporter: faa towers like this one are safe from closing until at least next year. but more than 100 others under federal contract are slated to shut in june. meanwhile, airline and pilot organizations are suing to halt the furloughs already under way. reporting live in santa rosa, debra villalon, ktvu channel 2 new
said investors should expect more volatility until there are strong signs that the economy is strengthening. the commerce department said home builders passed the 1,000 mark. the biggest increase was in apartment construction. home building is expected to continue this year. >>> american airlines is recovering after their system went down and they had to cancel all it flights. the cause of that problem was not immediately clear. >>> some boston marathon runners return to the bay area today including an 80-year-old former mayor of santa cruz. they say they are stunned of how quickly the celebration turned to carnage. jana katsuyama shares some of their stories tonight. >> reporter: after all the worry, now the wait. at sfo today family and friends search for familiar faces returning from boston. ashley french ran the marathon last year and had a friend there last year when the bomb exploded. relieved today that that friend finally came home. passengers said heightened security was visible. >> i did notice police with their guns like ready. which you don't normally see. >> re
Search Results 0 to 7 of about 8

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